🔥 ETFinance.eu test 2021: broker experience & rating

Anyone who no longer feels like the zero interest rate policy of the European Central Bank, the ECB, and decides against the savings book, daily and fixed-term deposit and capital life insurance, of course needs an alternative in order to still be able to build up a fortune with their savings. Come at this point the so-called CFD brokers in the game. Speculating with share and commodity price movements may well be lucrative - if not entirely harmless.

In order to only take a market risk and not have to fear that the selected broker poses a risk, it is important to deal with the providers available on the market in advance.

One such provider is ETFinance.eu. This is an up-and-coming broker who - according to their own statements - can win over more and more traders who are extremely satisfied. But can the broker also pass the current test?

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ETFinance.eu brief overview - The most important facts about ETFinance.eu

• The CFD broker is regulated by the Cyprus Securities Commission and Exchange (CySEC for short) - this is the regulatory authority of Cyprus
• The minimum deposit is 215 euros - so the broker is slightly below the industry average with this requirement
• The demo account can be used free of charge
• There are different types of accounts
• ETFinance.eu scores with a German-speaking customer service
• Leverage of 1 in 30 is available under ESMA regulations

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Registration with the broker ETFinance.eu: Our step by step guide

In order to find the right broker for you, it is important to clarify for yourself which points are particularly important to you. This is the only way to subsequently find the ideal broker for you. If you are of the opinion that you have found your partner for CFD trading in ETFinance.eu, you need to open an account.

1. Registration at ETFinance.eu 

The account can be opened from the age of 18. It should be noted that registration takes place without any major difficulties. The broker just wants to know some personal data from the new trader, and the provider's services are already available. This means that even the beginner who has never had anything to do with such a platform will have no problems here.

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2. Verification

After the account has been opened, it is about the verification. In this case, the applicant must prove that his identity is true. Ideally, the trader sends a copy of his photo ID - such as his passport, driver's license or ID card - to the broker. In order to have his residence verified, it is sufficient to submit a consumption invoice. This includes, for example, an invoice from an electricity or gas provider. It is important that you can see the address and name of the trader on the invoice. The invoice should also not be older than six months.

3. deposit

Now it's about the first deposit. The ETFinance.eu account can be topped up by bank transfer or credit card as well as V-Pay and Skrill. Please note the minimum deposit amount of 215 euros. A sum with which the broker is not within the industry average - the online brokers usually charge 250 euros. This means that the attempt is made here to primarily appeal to beginners who do not want to invest large sums of money right from the start.

4. Trading on the platform 

There is a separate demo account and a special training program to familiarize yourself with trading on the platform. This includes tutorials on MetaTrader 4, the trading platform offered by the broker, as well as some information such as installation instructions for order tasks, basics and types of possible orders. An economic calendar is also included to get information about possible stock market developments.

There are also a few eBooks on the online broker's website. These usually deal with trading psychology, market analyzes, capital management, investment strategies for beginners as well as for experienced traders, global trading and technical analyzes, although this can also be recommended for more advanced traders.

The courses offered by the online broker usually trade CFDs like stocks, with information about social trading and material about trading tools. ETFinance.eu also offers introductory courses and seminars such as webinars for experienced traders.

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What is the broker ETFinance.eu? The history of the broker

ETFinance.eu is a CFD broker. That means, with this broker it is possible to trade with CFDs. This involves highly complex financial instruments - the danger that these financial instruments pose should not be underestimated. It is therefore important to inform yourself in advance so as not to have to experience any nasty surprises. For this reason, it should be mentioned positively that countless learning materials are available on the broker's side, so that you can then dive deeper into the subject of CFD trading.

MAGNUM FX is behind the broker. A company based in Cyprus. That is also the reason why the broker is regulated by CySEC.

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Our ETFinance.eu experiences: The ETFinance.eu conditions in the test

You should always deal with the offered conditions in order to be able to clarify for yourself whether it is a recommendable broker or not.

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Trading at ETFinance.eu: The offer of the individual trading instruments in the test

ETFinance.eu offers a very extensive range of trading. There are CFDs on stocks, classic currencies, indices as well as on crypto currencies and raw materials. A really broad portfolio of assets, so that a corresponding diversification can also be achieved here. However, there are always CFD traders who only deal with one area and would describe themselves as professionals. At this point it should be mentioned that ETFinance.eu is often seen as the ideal broker for forex traders. Because there are more than 50 currency pairs in the online broker's program. Here you will not only find the well-known majors, but also minors and exotic values.

But ETFinance.eu also scores with raw materials, as there are both soft and hard raw materials. And those who like to deal with cryptocurrencies will also get their money's worth here. Because there are some crypto currencies in the program, so that you can speculate with digital currencies.

Trading stocks & ETFs

Shares are by far the most popular investment option. Because with shares you can become part of a company - and if the company presents good figures, you will participate in the profits. In addition to the rising share prices, there are always dividend payments. However, if you trade with CFDs, you forego dividends. That is because in the course of CFD trading no shares are acquired, but one only speculates with price developments. It should be noted that with leverage you can realize high profits, but of course there is also the risk of suffering losses.

For this reason, it is important to deal with the dangers in advance so that you do not have to experience nasty surprises.

ETFinance.eu offers countless joint-stock companies - among other things, there are big names here, but also rather smaller joint-stock companies. Ultimately, there will be the right public company for every trader.

Trading Forex

Forex trading is trading in foreign currencies - currencies. Particularly popular with CFD traders. And ETFinance.eu scores with some currency pairs - a total of more than 50 currencies are available. These include majors such as Miners, but there are also some exotic constellations.

Trading in raw materials

The raw materials offered include gold such as silver and oil. So if you like to speculate with the price development on the raw materials market, you will have found exactly the right broker for you here.

Trading in cryptocurrencies

Bitcoin, Ether or Ripple? If you like to speculate with digital currencies, you should take a closer look at ETFinance.eu. Because the broker scores with a wide range of different crypto currencies.

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Trading options

Furthermore, ETFinance.eu scores with options. These are so-called forward transactions. Anyone who purchases an option ultimately reserves the right to purchase the specified asset at a time specified in advance - also at the price that was agreed in advance. There is not a very large selection offered here, but to be fair it must be said that there is an offer at all - and that is not necessarily a matter of course with CFD brokers.

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The functions of the ETFinance.eu trading platform

ETFinance.eu offers traders two trading platforms - in both cases countless analysis tools are available so that they can then take part in trading professionally. The WebTrader, which is offered by ETFinance.eu, can easily be called up and used if there is a stable internet connection. Here you can observe the base values ​​and then carry out analyzes. There are also some helpful tools and a few relevant market information available, which are very useful in order to be able to make an informed trading decision. The courses are also available in real time. There are also charts for the analyzes. Market trends can be tracked using trading cubes and visual trends.  

Furthermore, as already mentioned, there is MetaTrader 4. It is probably the best-known platform in the field of CFD trading. Numerous trading tools are available here. MetaTrader 4 is also designed for mobile devices - that is, you can download the corresponding app onto your iOS or Android device and thus participate in trading regardless of location.

ETFinance.eu enables so-called one-click trading via MetaTrader 4.

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ETFinance.eu account types

All the relevant information to set up a live account can be found on the broker's homepage. In the course of registration, you will then be given the choice of which account should be used. The broker offers three accounts: the silver account, the gold account and the platinum account - by the way, it is possible to use an Islamic account on request.

The silver account can usually be recommended to beginners. 750 tradable underlyings are available here. The spreads start from 0,07 pips. The gold account, on the other hand, is more the alternative for experienced traders. The spreads start at 0,05 pips, and you can look forward to a 25% swap discount. The trader who opts for the gold account is also given a personal contact person and has access to all videos such as webinars that can be found on the homepage. The platinum account, on the other hand, is ideal for professionals: The spreads start at 0,03 pips and there are push notifications as well as the free option to use the broker's VPS service.

It should be noted that the leverage and margins for the private sector comply with ESMA guidelines. For the professional there is a leverage of 1 in 400.

The silver account

• Spreads: from 0,07
• 750 tradable underlyings
• 33 cryptocurrencies

The gold account

• Spreads: from 0,05
• 750 tradable underlyings
• 33 cryptocurrencies
• Personal account manager
• There are webinars and videos
• Swap discount: 25 percent

The platinum account 

• Spreads: from 0,03
• 750 tradable underlyings
• 33 cryptocurrencies
• Personal account manager
• There are webinars and videos
• Swap discount: 50 percent
• VPS service

In addition, ETFinance.eu scores with a free demo account. This is particularly interesting for beginners who have not yet had anything to do with CFDs or are still unsure whether they are already well prepared for the market. In addition, you can safely try out the various functions of the broker while using the demo account.

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The ETFinance.eu app

Anyone who would like to take part in trading while on the go can download the app on their mobile device. It should be noted that there are no disadvantages compared to the web version.

If you work with MetaTrader 4, the app can be downloaded from the respective app store - the application is available for iOS and Android.

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The deposit methods at ETFinance.eu

If you want to top up your ETFinance.eu account, the following payment methods are available:

• Bank Transfer
• Credit card (MasterCard, VISA)
• Skrill
• V Pay

Please note that PayPal is not yet available at the moment. However, it is not yet clear whether the online payment service provider will be accepted by the broker in the foreseeable future. It is also not yet known whether there are already talks about a possible cooperation. However, it should be noted that the options to top up the account by bank transfer or credit card are probably the top options to then transfer money to the ETFinance.eu account. If you use the credit card, the money is usually immediately available in the account - with a bank transfer you need two to four working days of patience.

There are no deposit or withdrawal fees. The minimum deposit is EUR 215.

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Security at ETFinance.eu

Now everything revolves around security. Because if you choose a broker, you should be certain that no dubious machinations are being pursued in the background.

Regulation of ETFinance.eu

The broker is regulated by the CySEC, the Cypriot regulator. It is one of the strictest regulatory authorities in Europe. The broker must meet all the templates that are valid within the European Union - so as a trader you can be sure that you are dealing with a reputable broker.

Deposit insurance from ETFinance.eu

Customer funds are not kept together with business assets. This is particularly advantageous if the broker would have to file for bankruptcy. The deposit protection amounts to 20.000 euros / trader.

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The customer service of ETFinance.eu

If questions arise, the employees of the online broker can be contacted by phone at any time during opening hours. It should be noted that there is also German-speaking customer support.

By the way, if you do not want a phone call, you can also contact us by email or use the live chat.

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ETFinance.eu conditions: fees & costs

Another point that must be considered in every test or comparison - the fees. Can ETFinance.eu score points here or does the online broker follow a non-transparent fee model or are fees that are too high compared to other brokers?

spreads

The spreads depend on the selected account type.

For the silver account, the spreads start at 0,07 pips, for the gold account at 0,05 pips and for the platinum account at 0,03 pips.

fees

The broker scores especially with its transparent fee model. There are no withdrawal or deposit fees; Furthermore, the broker waives account or custody account fees.

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Experiences and user opinions about ETFinance.eu on the Internet

First and foremost, there are (almost) only positive comments such as experience reports. This is mainly due to the really good customer service of the online broker. If problems or difficulties arise, one of the employees can be contacted at any time. This means that even if the traders are dissatisfied, there is an opportunity to be presented with possible solutions here.

You can also see that ETFinance.eu is particularly concerned with beginners. This means that the broker tries as best as possible to respond to the wishes and concerns and thus ensures that the trader does not get a "bad picture" of trading right from the start, just because it may not go as it should one imagined (or desired) that at the beginning.

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Is ETFinance.eu fraud or serious? Our ETFinance.eu rating

If you opt for ETFinance.eu, you don't have to fear fraud. It is a reputable broker. On the one hand this is proven by the regulation by CySEC, on the other hand the broker convinces in the field of customer support and the fee model. There is no evidence here that fraudulent intent or dubious processes are being pursued.

Cons of ETFinance.eu: What didn't we like?

ETFinance.eu offers relatively few deposit options and only provides a time-limited demo account,

Advantages of ETFinance.eu: What we liked

Even if there are one or two disadvantages, ETFinance.eu scores with a multitude of advantages: The customer service is 100 percent convincing, the online broker is regulated and a fair fee model is followed. There are also countless opportunities for further training and three account models, so that there is probably the right account for every trader.

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ETFinance.eu experiences: Frequently asked questions about the broker

What is ETFinance.eu?

ETFinance.eu is a Cyprus based online broker specializing in CFD trading. Behind the broker is MAGNUM FX - a company based in Cyprus.

Is ETFinance.eu a recommendable broker?

The online broker pursues a fair fee model, scores with a wide variety of trading instruments and convinces with many tutorials such as webinars and training and further education documents. In other words, a broker that can be recommended especially to beginners.

Will I be able to trade successfully at ETFinance.eu?

Whether you are successful depends on the strategy chosen - however, the online broker will not put any obstacles in the way. On the contrary. With the tools provided, however, it is even likely that you will make a profit.

How is the test and the experience of Bitcoin-news.one about ETFinance.eu?

ETFinance.eu can very well convince. It is the multitude of possibilities why a recommendation can very well be made to the broker. Especially because it is an ideal partner for beginners.